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Welcome To the Chicago Regional Council of Carpenters benefit funds

Our continuing mission is to provide you with comprehensive, quality health and retirement benefits. This remains our commitment to you. Your Future Our Focus

BOARD OF TRUSTEES ANNOUNCES PERMANENT PENSION BENEFIT INCREASE FOR RETIREES AND INCREASE TO PENSION ACCRUAL RATE

MONTHLY PENSION BENEFIT INCREASE

The Board of Trustees is pleased to announce that all pensioners who retired June 1, 2019 or earlier and are still receiving a pension benefit in the Chicago Regional Council of Carpenters Pension Fund as of September 1, 2019, will receive a permanent increase to their monthly pension amount.

The increased pension benefit begins September 1, 2019.

The increase will also apply to surviving spouses receiving a joint & survivor pension benefit as well as former spouse alternate payees who are receiving benefits under a Qualified Domestic Relations Order. (Beneficiaries receiving a monthly pension benefit under the Plan’s 60-Certain rules are excluded from this increase.)

To find out more information on the permanent pension benefit increase click here to read the Summary Material Modification.

INCREASE IN PENSION ACCRUAL RATE

Effective July 1, 2019, under the Chicago Regional Council of Carpenters Pension Fund, the $100 accrual rate will be applied to all years of pension credit

The accrual rate will be applied retroactive to all years of pension credit with the exception of any years preceding a period of 3 (or more) consecutive calendar years in which the participant did not earn any Pension Credit under this Plan. This is referred to as a Three Year Calculation Break in Service. The increase in the accrual rate does not apply to any pension credit earned prior to a Three Year Calculation Break in Service.

For more information on the accrual rate increase click here to read the Summary Material Modification..


  • Introducing your Health Reimbursement Arrangement!
  • Welfare Fund Retiree Plan of Benefits - Summary of Material Modification – June 2019
  • Pension Fund Summary of Material Modification – June 2019
  • on the Level Newsletter, Summer Edition – June 2019
  • Pension Fund Summary of Material Modification – June 2019
  • Summary of Benefits and Coverage Notice (SBC) and the Uniform Glossary of Terms
  • Health Dynamics Video, Locations and Contact Info
  • on the Level Newsletter, Spring Edition - April 2019
  • Carpenters Center for Health Brochure - February 2019
  • Welfare Fund Summary of Material Modification – Effective 12/1/2017
  • Continuation of Coverage Option Brochure
  • Supplemental Retirement Plan - John Hancock Investment Selection-Enrollment Kit - August 1, 2017

Read more
                

  Click here to read the Welfare Fund’s Nondiscrimination Statement.

  Click here to read Your Right to Receive A Copy of the Welfare Fund’s Notice of Privacy Practices.

  Click here to check out the Chicago Regional Council of Carpenters website.

  Click here to connect to the Apprenticeship & Training website.
 
 

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